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Board Treasurer Job Description

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Restoration One Ninety-Nine (R1:99) is a charity whose mission is to provide a holistic approach to aid in the restoration of survivors of complex trauma/trafficking so they may live responsibly and productively with purpose, hope and dignity.

 

R1:99 has a three-prong approach to helping survivors of complex trauma (military, sexual abuse/trafficking, domestic violence, bullying, gun and community violence, etc.) and their families.

1. Clinical mental health services,

2. Economic empowerment, and

3. Support for the helpers.

 

The Board Treasurer is charged with overseeing the management and reporting of R1:99’s finances, covering all aspects of the financial situation of the organization. Officer specific duties of the Treasurer are stated in the R1:99’s bylaws and this document.

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R1:99s financial management is directly tied to the Treasurer’s responsibilities. The Treasurer’s executions of their responsibilities will have a strong impact on the public’s perception, trust, and assurance for R1:99. R1:99 seeks a Board Treasurer with desirable skills in financial/accounting literacy, attention to detail, timeliness in completing tasks, clarity and accuracy in record keeping, a willingness to ask questions as well as a life-commitment to the Christian faith.

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Duties and Responsibilities of the Treasurer

 

Financial management and/or oversight

Oversees the management of the financial affairs of the organization,

• Reconciles bank statements,

• Manages cash flow,

• Invests funds consistent with applicable laws,

• Determines who has access to the organization’s funds and any outstanding bills or debts owed,

• Creates and maintains systems for ensuring the organization’s ongoing solvency,

• Oversees the development of the organization’s financial/accounting policies, including check signing authority, expense reimbursements, credit card usage, and petty cash policies.

 

Develop and/or Oversee the Preparation of Annual Budget

• Develops the annual budget that supports the organization’s goals and drives decision-making,

• Monitors and compares the actual revenues and expenses incurred against such budgets,

• Prepares financial/accounting documents (or ensures such) for review by CPA,

• Reviews the budget and recommends approval by the board on a regular basis,

• Prepares, explains and justifies the budget reports as needed.

 

Thoroughly Reports with knowledge and understanding, the status of finances.

• Reports important financial ratios to the full board,

• Keeps the board apprised of key financial events, trends, and concerns,

• Assesses the organization’s fiscal health and reports this to the board,

• Ensures completion of required financial information to share with CPA for preparation of the Form 990 in a timely manner,

• Makes all forms available for the board’s review.

 

Acts as a Financial Liaison with board members not familiar with GAAPs

• Translates financial concepts and informs the board members who do not have financial backgrounds or substantial financial experience

• Learns the particulars of R1:99s finances and the applicable laws, which may include laws related to non-profit income, unrelated business income tax, if applicable

• Understands appropriate expenditures, and prudent investments.

• Facilitates and encourages the board’s strategic thinking about the short- and long-term financial vitality of R1:99 in advancement of the mission.

 

Ultimately, while financial management is the primary focus of the Board Treasurer, the entire board shares the responsibility of financial oversight and accountability.

 

Specific Duties:

• R1:99 has a volunteer who picks up the mail from the post office, sorts the mail, reports hard checks on a spreadsheet, and deposits checks into the bank. That report is then sent to the executive director and the treasurer.

• Most of our bills are paid through online banking and so, very few checks need to be written. The treasurer needs to write mileage reimbursement checks, etc. every other month.

• The treasurer needs to balance the checkbook in QuickBooks and send everything to the CPA. The treasurer needs to print reports from QuickBooks and send them to the secretary for board distribution.

• We expect the Treasurer to dedicate approximately five (5) hours per month to the functions of this volunteer position.

 

Qualifications:

• Accounting degree required; MBA, CPA preferred,

• At least two years of experience in keeping business’s or organization’s finances,

• A strong commitment to R1:99’s mission and a desire to move it forward,

• A strong commitment to Jesus Christ and living biblical values,

• A team player,

• Forecasting experience required. As the organization grows, being able to forecast the organization’s financial needs/changes.

 

How to Apply:

Send cover letter and resume to Roger Larson at Roger@R199.org. Mr. Larson will do a brief online (Team/Zoom/Meets) interview. The results of this interview will determine if the candidate receives a recommendation to the full board. The full board may choose to conduct their own interview(s), either in person or virtual. The board will extend an offer/invitation to join the board and begin their duties.